FTNJ vs. EZBC

Last updated Jun 4, 2026

FTNJ (Franklin New Jersey Municipal Income ETF) and EZBC (Franklin Bitcoin ETF) are both exchange-traded funds - FTNJ is a Municipal Bonds fund tracking the Actively Managed, while EZBC is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. At a 0.14 correlation, their price movements are largely independent. FTNJ charges 0.35%/yr vs 0.19%/yr for EZBC.

Performance

FTNJ vs. EZBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin New Jersey Municipal Income ETF (FTNJ) and Franklin Bitcoin ETF (EZBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTNJ achieves a 1.80% return, which is significantly higher than EZBC's -25.36% return.

FTNJ

• 1D: -0.06%
• 1M: 0.63%
• YTD: 1.80%
• 6M: 2.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZBC

• 1D: -2.73%
• 1M: -18.42%
• YTD: -25.36%
• 6M: -29.82%
• 1Y: -38.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTNJ vs. EZBC - Yearly Performance Comparison

	2026 (YTD)	2025
FTNJ Franklin New Jersey Municipal Income ETF	1.80%	0.34%
EZBC Franklin Bitcoin ETF	-25.36%	-17.55%

Correlation

The correlation between FTNJ and EZBC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025	0.14

Return for Risk

FTNJ vs. EZBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZBC

EZBC Risk / Return Rank: 2
EZBC Sharpe Ratio Rank: 2
EZBC Sortino Ratio Rank: 2
EZBC Omega Ratio Rank: 2
EZBC Calmar Ratio Rank: 2
EZBC Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTNJ vs. EZBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin New Jersey Municipal Income ETF (FTNJ) and Franklin Bitcoin ETF (EZBC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FTNJ	EZBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.30	+0.87

Drawdowns

FTNJ vs. EZBC - Drawdown Comparison

The maximum FTNJ drawdown since its inception was -2.72%, smaller than the maximum EZBC drawdown of -49.37%. Use the drawdown chart below to compare losses from any high point for FTNJ and EZBC.

Drawdown Indicators

	FTNJ	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	-49.37%	+46.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.37%	—
Current Drawdown Current decline from peak	-0.20%	-48.04%	+47.84%
Average Drawdown Average peak-to-trough decline	-0.61%	-16.01%	+15.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.42%	—

Volatility

Volatility by Period

	FTNJ	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	43.67%	-40.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	50.06%	-46.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	50.06%	-46.71%

FTNJ vs. EZBC - Expense Ratio Comparison

FTNJ has a 0.35% expense ratio, which is higher than EZBC's 0.19% expense ratio.

Dividends

FTNJ vs. EZBC - Dividend Comparison

FTNJ's dividend yield for the trailing twelve months is around 1.98%, while EZBC has not paid dividends to shareholders.

Position	TTM	2025
EZBC Franklin Bitcoin ETF	0.00%	0.00%
FTNJ Franklin New Jersey Municipal Income ETF	1.98%	0.54%

Frequently Asked Questions

Can I hold both FTNJ and EZBC in my portfolio?

FTNJ and EZBC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTNJ or EZBC?

On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTNJ or EZBC?

EZBC is cheaper with a 0.19% expense ratio, compared with 0.35% for FTNJ.

Which ETF pays a higher dividend yield, FTNJ or EZBC?

FTNJ has the higher dividend yield at 1.98%, compared with 0.00% for EZBC.

What is the main difference between FTNJ and EZBC?

FTNJ is categorized as Municipal Bonds, while EZBC is Cryptocurrency. FTNJ tracks Actively Managed, while EZBC tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.35% for FTNJ and 0.19% for EZBC.